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20121201
20121231
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CSPAN 2
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CSPAN
Dec 4, 2012 1:00pm EST
or were in this country without proper documentation came from central and south america. the largest number of them from a single country, that is mexico. which is not altogether surprising when you realize we have a common border with mexico that ranges from the gulf of mexico to the pacific coast, it is approximately 1,960 miles long. and if you have visited, if you have traveled along the entire length, as i did back in the early 1980's as a member of the immigration subcommittee, you will find the topography sets that it is difficult at times to actually have a border that is marked and a border that is controlled. nonetheless, that does not excuse us for not exercising the control that we should have. because of the fact that we had this dilemma of a large number of people who had come to this country illegally, and at the same time we were attempting to enforce the law such that a worldwide quota system would still in fact be worked, in the 1980's, there was an effort to try to reform our immigration laws. i was a part of that, as a member of the immigration subcommittee. we we
CSPAN
Dec 31, 2012 12:00pm EST
? i will talk about the bricks in a minute. i am talking about south america, eastern europe, parts of asia. why do i love this story? it is basic macroeconomics. the key ingredients that drive growth. we know the story of debt, deficit, fiscal cliff. we know that the story of the aging population and financing, if you look at the statistics are round or they measure the performance in mathematics, science, and reading, you can see where the problem is. today, they were in the number 27, 28, and so on. productivity generally is the x factor that accommodates for 60% of why one country grows and another does not. generally, it includes things like political dynamic, so we know what is happening there. that is not my prediction. look at this framework, capital, labor, productivity. you will see why i am incredibly bullish. in terms of capital, these economies by a large did not have the debt burden that other countries are facing right now. why is that important? these countries are not suffering from a deal leveraging problem. 60%-70% is under the age of 25. in you got there, over 50
Search Results 0 to 1 of about 2